Even if that were true (it isn't) that's like saying the D in DPRK stands for "Democratic", but using a word doesn't make it true. North Korea is not democratic.
Hell, even back in 1931, people knew the Nazi party was using false branding. You can see it with this anti-Hitler editorial cartoon [0], where Hitler is changing the emphasis of the party-name to schmooze up to different audiences.
Or remember that Night of the Long Knives [1] in 1934, where the Nazis murdered the "socialists."
[0] https://commons.wikimedia.org/wiki/File:Jacobus_Belsen_-_Das...
